---
title: "Bitwise Dogecoin ETF 1Q 2026: Net assets decline $(141,552) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285759152.md"
description: "Bitwise Dogecoin ETF reported a net decrease of $(141,552) in net assets for Q1 2026, attributed to redemptions and sponsor fee-related sales of Dogecoin. The ETF, launched on November 25, 2025, trades on NYSE Arca under ticker BWOW and holds Dogecoin as its sole asset. No revenue or diluted EPS was reported for the quarter. The trust's operations are supported by Coinbase Custody, with a sponsor fee of 0.34% annually covering most expenses. Significant redemptions impacted asset holdings and net assets during the quarter."
datetime: "2026-05-08T17:31:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285759152.md)
  - [en](https://longbridge.com/en/news/285759152.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285759152.md)
---

# Bitwise Dogecoin ETF 1Q 2026: Net assets decline $(141,552) — 10-Q Summary

Bitwise Dogecoin ETF reported results for the quarter ended March 31, 2026, as detailed in its 10-Q, with a $(141,552) net decrease in net assets from operations driven by redemptions and sponsor‑fee related dispositions of its Dogecoin holdings following the trust's November 25, 2025 launch.

**Financial Highlights**

-   Net income: $(141,552) net decrease in net assets from operations for the three months ended Mar. 31, 2026.
-   Diluted EPS: Not reported for the period — diluted EPS not provided in Part I Items 1/2.
-   Revenue: Not reported — the trust holds Dogecoin and disclosed no investment income or sales revenue for the quarter.

**Business Highlights**

-   Operational launch & listings: The trust commenced operations Nov. 25, 2025 and trades on NYSE Arca under ticker BWOW, providing market access to Dogecoin exposure.
-   Asset holdings & NAV mechanics: The trust holds Dogecoin as its sole asset, values NAV daily to a CF benchmark and designates Coinbase as its principal market.
-   Redemptions and asset decline: Significant redemptions and sponsor fee‑driven sales materially reduced Dogecoin holdings and net assets during Q1 2026.
-   Custody & service model: Coinbase Custody secures Dogecoin; the sponsor covers most operating and organization expenses but may sell Dogecoin to cover USD costs not assumed by the sponsor.
-   Fee structure: A sponsor fee accrues at 0.34% annually; the sponsor covers the majority of operating expenses and organizational costs.

Original SEC Filing: Bitwise Dogecoin ETF \[ BWOW \] - 10-Q - May. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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